Shandong Denghai Seeds Co (SZSE:002041) COGS-to-Revenue : 0.74 (As of Mar. 2024)

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What is Shandong Denghai Seeds Co COGS-to-Revenue?

Shandong Denghai Seeds Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥172 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥232 Mil.

Shandong Denghai Seeds Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.74.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Shandong Denghai Seeds Co's Gross Margin % for the three months ended in Mar. 2024 was 26.07%.

Shandong Denghai Seeds Co COGS-to-Revenue Historical Data

The historical data trend for Shandong Denghai Seeds Co's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Shandong Denghai Seeds Co COGS-to-Revenue Chart

Shandong Denghai Seeds Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.68

0.71

0.64

0.68

0.71

Shandong Denghai Seeds Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.68	0.75	0.64	0.73	0.74

Shandong Denghai Seeds Co COGS-to-Revenue Calculation

Shandong Denghai Seeds Co's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1105.451	/	1551.975
	=	0.71

Shandong Denghai Seeds Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	171.876	/	232.498
	=	0.74

Shandong Denghai Seeds Co (SZSE:002041) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Shandong Denghai Seeds Co's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	171.876 / 232.498
	=	26.07 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

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Shandong Denghai Seeds Co (SZSE:002041) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shandong Denghai Seeds Co Ltd (SZSE:002041) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

Chengshan Road West, Agricultural Science Institute of Laizhou City, Shandong Province, Laizhou, CHN, 261448

Website

http://www.xixingseeds.cn

Shandong Denghai Seeds Co Ltd is a Chinese company engaged in the production and distribution of crop seeds. The company's products are Chinese cabbages, radish seeds, zucchini varieties, watermelon seeds, melon seeds, cabbage seeds, beans seeds, onion seeds, eggplant seeds, pepper seeds and others. It sells the products in China and other international countries.

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